經濟 2004 年 DSE、CE、AL 選擇題（第 2 頁）

11.

Suppose an airline reduces the price of its air tickets. As a result,

12.

In the above diagram, DD is a demand curve. In the price range P1 to P2, the elasticity of demand

13.

Suppose the government imposes a per unit sales tax on good X of which the supply is perfectly inelastic. Only _______ will bear the tax burden, and the quantity transacted will _______.

14.

The following table shows the market demand and supply of a good.

Unit Price ($)	Market quantity demanded (Units)	Market quantity supplied (Units)
10	70	130
9	90	120
8	110	110
7	130	100
6	150	90
5	170	80

If the government provides a per unit subsidy of $3 to the suppliers,

15.

A firm is said to be a price-taker if

16.

Refer to the above diagram. Which of the following statements is correct?

17.

When the Real Madrid football team visited Hong Kong, many people queued up for days for the tickets to watch the game. Some people complained that they were unable to buy a ticket even though they were willing to pay the official ticket price. This implies that

(1)there was only price competition for the ticket.

(2)the official ticket price was set below the market clearing level.

(3)the opportunity cost of obtaining a ticket was higher than its official selling price.

18.

Michael Owen is a famous football player for Liverpool Football Club. In economics, he provides the service of __________ and he engages in __________ production.

19.

Disinflation means that

20.

In order to attract more Mainland professionals to work in Hong Kong, some firms plan to provide a housing allowance for them. This would __________ the __________ of these Mainland professionals.